Rush Enterprises Splits Momentum Fuel Technologies With Cummins
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Cummins has closed on its acquisition of a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises, the companies announced Jan. 18.
The joint venture aims to enhance production of near-zero emissions natural gas powertrains. Under the agreement, Cummins-branded natural gas fuel delivery systems will be manufactured for the commercial vehicle market in North America.
Cummins will leverage its powertrain expertise with compressed natural gas (CNG) fuel delivery systems produced by Momentum Fuel Technologies. The announcement said that when powered by renewable natural gas (RNG), using methane collected from organic waste as the primary fuel source, the engines can be credited with a neutral to negative carbon index.
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“This collaboration shows Cummins’ continued commitment to natural gas powertrains and this partnership will expand and improve the service and support for CNG and RNG customers,” said Srikanth Padmanabhan, president of the engine business at Cummins. “The partnership will help us bring to market the highest quality, clean and efficient natural gas products, including the 15-liter natural gas engine we announced in October.”
The joint venture will offer aftermarket support through Rush Truck Centers dealerships and Cummins distributors, which will be able to service both the engine and the fuel delivery system. The companies add it will also provide customers with access to an extensive CNG vehicle parts and service network.
“Due to upcoming regulatory requirements, corporate ESG goals and the environmental and economic benefits of RNG vehicles, many customers are seeing the value in these vehicles, which we believe will drive growth for the foreseeable future,” W.M. “Rusty” Rush, chairman and president at Rush Enterprises, said. — Transport Topics
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